BTC IPO faces another deferral

Initially slated for August 2011, the IPO launch has undergone a series of postponements. It was first delayed to 2012, then later pushed to August 2014 before it was again deferred to November 7 and now December 31st 2014.

Speaking during a media workshop last week, the transaction’s legal advisor, Rizwan Desai said there were still some technical regulatory issues to be addressed, which the Botswana Stock Exchange (BSE) had not yet approved. Although government officials say the latest  postponement was done at the request of members of the public, Desai said that the requisite approvals were not all in place but the financial audits had been submitted to the BSE.